medecthic mod 3.docx - Biotech companies have a financial...

This preview shows page 1 - 2 out of 3 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Marketing Strategy
The document you are viewing contains questions related to this textbook.
Chapter C3 / Exercise 2
Marketing Strategy
Ferrell/Hartline
Expert Verified
Biotech companies have a financial incentive to focus their research on populations who are unable to pay for medical assistance. In 150 to 250 words accomplish the following: 1. Explain the ethical problems raised by such incentives. Should biotech companies beregarded as any other or do they have a special responsibility to help those in need?. 2.Although, some of the issues addressed by biotech companies are not life-threatening they do benefit people. How could one justify ignoring those issues in favor of addressing significant health concerns of the poor? You must also respond to two peers for full credit. Peer responses should be at least 50 words in length and further the conversation in some way. Don't just agree!Discussion posts must be original writing -- any quoting or plagiarism will result in a 0 on the assignment.Offering research subjects financial incentives for their participation is a common practice that boosts recruitment but also raises ethical concerns, such as Undue inducement occurs when a person makes a choice in circumstances in which external factors are likely to have an inappropriate influence on his or her decision-making process. The choice made by the person is not entirely free because it is unduly influenced by these external factors. The typical situation involving undue inducement occurs when a person in a position of power or authority over another takes advantage of that person. another ethical issue is exploitation where the human subjects are paid very little for their participation in the research, most of the money goes to the sponsors and institutions. the other ethical reason is biased enrollment, the researchers choose theparticipants who are in need for money and they are taken advantage of the situation so that they can make decisions in the favor of the research. the biotech companies tests its drugs on the poor so they can take responsibilities to help those in need for proper medication. Health is a basic human right and access to medicine is a basic tool to ensure health Major pharmaceutical companies are helping billions of dollars by donating medicine to poor population or patients with neglected disease. WHO and human rights committee of United Nations also make several heads-up every year and seek new ways to improve the situation of access to medicine in co-operation with NGOs and governmental organizations. Also states have tried to create a better circumstance for increasing the availability and affordability of medicine.
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Marketing Strategy
The document you are viewing contains questions related to this textbook.
Chapter C3 / Exercise 2
Marketing Strategy
Ferrell/Hartline
Expert Verified

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture